Compare Auto Insurance in Albuquerque
In recent years, the TV show Breaking Bad and its spinoff, Better Call Saul have boosted tourism to Albuquerque, New Mexico, as thousands flock to see the real-life home of Walter White. Despite the reputation of the show, Albuquerque is one of America’s healthiest cities.
Average Albuquerque Car Insurance Rates
How much is car insurance in Albuquerque, NM? Average car insurance rates in Albuquerque are higher than both the state and national averages. Thanks to high accident frequency, a vehicle theft rate well above the national average, and an extremely large percentage of uninsured drivers, residents of Albuquerque have seen the cost of insurance premiums increase significantly in recent years.
The average cost of car insurance in New Mexico is $762.56 a year. You can be sure that rates in Albuquerque are much higher than the state average. The national average price is $889.01.
Prices may vary depending on your driving record and number of claims filed in your zip code.
|Total Cost Per Year||$762.56|
|Price Per Month||$63.54|
|Source: Facts + Statistics: Auto insurance|
The graph below shows the change in average New Mexico rates from 2011 to 2015, the most recent year the data is available. According to the III, New Mexico car insurance rates increased from $691 in 2011 to $762 in 2015, a jump of $70 dollars, or 10.24 percent.
QuoteWizard helps consumers compare quotes from both national insurance companies and local independent agents. Comparing quotes can help you find cheap car insurance rates near Albuquerque, New Mexico and save up to 40% on your premium.
Last year, 11,641 people used QuoteWizard to get a car insurance quotes comparison in Albuquerque, NM from multiple companies.
Best Car Insurance Companies in Albuquerque, NM
These were the most common car insurance companies reported by QuoteWizard users living in Albuquerque, NM last year.
Top 10 Vehicles
These are the most common car makes and models owned by Albuquerque drivers requesting quotes through QuoteWizard last year.
- Ford F150
- Ford Mustang
- Ford Ranger
- Chevrolet Cavalier
- Honda Accord LX/EX
- Chevrolet Malibu LS
- Chevrolet Impala LS
- Chevrolet Blazer
- Chevrolet C1500 Silverado
- Ford Focus SE
Minimum Car Insurance Requirements in Albuquerque, NM
Albuquerque, New Mexico has a minimum car insurance coverage requirement known as the 25/50/10 rule. This means each policy must include at least:
- Individual Bodily Injury Liability (BIL): $25,000.
The total insurance companies will pay for an individual person injured in a car accident.
- Total Bodily Injury Liability: $50,000.
The maximum amount your insurance carrier will pay in total for every person injured in a car accident.
- Property Damage Liability (PDL): $10,000.
The most your insurer will pay for property damage caused by a car accident.
According to a recent report published by Allstate Insurance when it comes to safe driving, Albuquerque ranked 117th out of 200 cities. While most US drivers go ten years without having an accident, drivers here are involved in crashes every 8.3 years.
Some factors that can affect insurance rates are the weather and road conditions.
Albuquerque has an arid, desert climate with lots of sunshine and very little rain. Winters are short and mild. Summers are long and hot, sometimes extremely so. Rainfall averages only 9.6 inches a year, most of it falling in the summer. Despite the generally warm temperatures, it can and does snow in Albuquerque with an average of 9.5 snowy days each year.
The condition of Albuquerque roads deteriorate following rain or snow with potholes and ruts appearing all over the city. City maintenance crews here do their best to repair them to make the streets safe, but they can only fix so many per day. We advise everyone to drive a little more safely than usual after significant precipitation because that puddle in your path could be hiding a pothole. Trip.net reports that 27 percent of the roads in Albuquerque are in poor condition. Another 27 percent are mediocre. According to Trip, the road conditions are costing drivers $696 a year in extra vehicle operating costs.
Albuquerque has less traffic congestion than many other cities its size. This doesn't mean there's room for improvement. According to TomTom, Albuquerque ranks 170th for cities with the worst traffic congestion in the world. Drivers wasted 16 minutes each day during commutes and 62 hours a year.
Moving violations such as failure to stop, drunk driving, speeding tickets, and accidents can add points to your driver's license. You could end up with a bad driving record and need to purchase expensive high-risk auto insurance.
The City of Albuquerque Police Department website allows residents to pay traffic tickets and tells Albuquerque drivers how to contest tickets.
Albuquerque Police Traffic Section wrote 24,294 tickets for traffic violations in 2014.
The Albuquerque Police Department DWI Unit made 2,225 arrests for suspicion of driving under the influence (DUI) in 2014, an increase of 20.1 percent over 2,181 arrested in 2013. Albuquerque has good public transit and offers rideshare services such as Lyft and Uber, so there’s no reason to risk a DWI. Paying for a ride home will always cost much less than a DWI.
SR-22 DWI Insurance
A DWI conviction may require you to obtain an SR-22 form. Request a quote and we'll will connect you with local agents from top companies that specialize in Albuquerque DWI insurance.
Albuquerque reported 49 fatal crashes in 2014, a 44 percent increase from the 34 fatalities reported in 2012. All traffic deaths are a tragic loss, but considering Albuquerque’s estimated population of 559,277, this is a safe city in terms of traffic fatalities.
Vehicle Theft Rates
Albuquerque Police recorded 5,243 vehicle thefts in 2016. This is a rate of 9.38 thefts per 1,000 residents. This is more than four times the national rate of 2.20 stolen cars per 1,000 people.
Car Insurance Discounts
Are you looking to lower your rates by finding more affordable car insurance? These are some of the many insurance discounts available to drivers in Albuquerque, New Mexico depending on your carrier.
- Bundle your auto insurance with your homeowners, renters, or life policy. Bundling your policies under one insurance company can save you as much as 20% on your premium
- Keep your driving record clean with no ticket or accidents to qualify for a safe driver or accident free discount
- If you're 55 or older you could qualify for either the senior discount or the 55 and retired discount
- Get a new car to qualify for the new car discount. If the car has safety features like anti-lock brakes or electronic stability control, you might be entitled to additional discounts
- Live in a safe neighborhood with low crime. People that live in zip codes with high crime and poor driving conditions file more insurance claims
- Maintain at least a B grade point average in school to qualify for the good student discount
- Bernalillo County Metropolitan Court
- Albuquerque Police Department Annual Report - 2013
- Albuquerque New Mexico Crime Rates
- United States Census Bureau - Albuquerque, NM
- National Highway Traffic Safety Administration
- TRIP Urban Roads Report Appendices
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